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the fiscal cliff. but can it pass the house later this morning. plus: celebrations marred by violence. gunshots strike multiple revelers in francisco. and it's out with the old an with 2013.. security was tight as people packed times square to ring in the new y we've got some of the best celebrations around the wor. join us for cbs 5 eyewitness news this morning... beginng at 4:30. good morning. it's tuesday, january 1st, 20-13. happy n year! ,,,, >>> here's a look at the weather in some cities around the country. rain and snow in washington, 44 degrees. rain in atlanta, 56. occasional sun in st. louis, 26. partly sunny in denver, 30. partly sunny in seattle, 42 degrees. >>> top stories now on tuesday. the senate averted the fiscal cliff passing a bill early this morning. now president obama is calling on the house to pass it without delay. the deal avoids tax hikes and spending cuts that were to go into effect at midnight. >>> secretary of state hillary clinton is spending a second night in a new york hospital. she's being treated for a blood clo
the fiscal cliff. but can it pass the house later this morning. plus: celebrations marred by violence. gunshots strike multiple revelers in francisco. and it's out with the old an with 2013.. security was tight as people packed times square to ring in the new y we've got some of the best celebrations around the wor. join us for cbs 5 eyewitness news this morning... beginng at 4:30. good morning. it's tuesday, january 1st, 20-13. happy n year! ,,,, >>> here's a look at the weather in...
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. >> marlie hall in new york this morning. >>> also today is the final day of fiscal cliff negotiations. hope of reaching a wide-ranging deal in automatic spending increases and tax cuts is all but gone. spending would be reduced and cuts would be felt in all areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that might spare millions of americans from paying her taxes. danielle nottingham reporting now from washington. >> lawmakers are still working on it. >> i want everyo one to know i' willing to get this done but i need dance partner. >> the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that w
. >> marlie hall in new york this morning. >>> also today is the final day of fiscal cliff negotiations. hope of reaching a wide-ranging deal in automatic spending increases and tax cuts is all but gone. spending would be reduced and cuts would be felt in all areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that...
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thank you. >>> meanwhile the final day of fiscal cliff negotiations. hopes of reaching a wide-ranging deal to avoid automatic tax increases and spending cuts is all but gone. without a plan in place by midnight it will cost americans an additional $536 billion. spending would be reduced by $110 billion, and the cuts would be felt in all areas of the government. economists have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal one that might spare millions of americans from paying higher taxes. danielle nottingham is in washington with the latest. dab yell, good morning to you. >> good morning, terrell, vice president joe biden is now in on negotiations. senate minority leader mitch mcconnell reached out to him sunday night after talks with democrats stalled. but with just hours go until this deadline there are still obstacles standing in the way of even a watered down agreement. lawmakers left the capitol sunday night without a d
thank you. >>> meanwhile the final day of fiscal cliff negotiations. hopes of reaching a wide-ranging deal to avoid automatic tax increases and spending cuts is all but gone. without a plan in place by midnight it will cost americans an additional $536 billion. spending would be reduced by $110 billion, and the cuts would be felt in all areas of the government. economists have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this...
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the so-called fiscal cliff. senate democratic and republican leaders are working on a package now that could be voted on monday. any plan, however, must be approved by the republican-run house. >>> a man and a boy were fishing on a marine headlands beach when a wave swept them out to sea yesterday evening. rescue crews recovered their bodies in the frigid water near the golden gate bridge. no word on the relationship between those two victims. >>> high school party got out of hand, forcing an evacuation at the intercontinental hotel in san francisco last night. police say a fight broke out during the event which led to somebody spraying pepper spray. dpefts were then evacuated but let back in gsh guests were evacuated but then let back in shortly after that evacuation. >>> time for a last look at the weather. that's a positive story today. >> it is, yes. things look to be improving in that department at reeft. we're going to go out one last time and look at the doppler, perched at the highest point in sonoma cou
the so-called fiscal cliff. senate democratic and republican leaders are working on a package now that could be voted on monday. any plan, however, must be approved by the republican-run house. >>> a man and a boy were fishing on a marine headlands beach when a wave swept them out to sea yesterday evening. rescue crews recovered their bodies in the frigid water near the golden gate bridge. no word on the relationship between those two victims. >>> high school party got out of...
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senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the
senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could --...
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. >> much more on the fiscal cliff this morning on abc's "this week i charles shumer of new york and republican senator john kyle of arizona debate the last-minute efforts. that's coming up at 8:00 this morning on" this week "with george stephanopoulos on abc7. >>> coming up, an attempt to rescue a man that fell into icy water goes horribly wrong as several more people fall in trying to save him. we will tell you what happened next. >>> and the last-minute push is on to prepare for the new year's day tournament of roses parade. find out what this year's theme is. >> this shows thief sneaking up on a woman putting her in a head lock before stealing her i-phone. others crash a bmw into a store and run off with their lucrative stash. in new york city and l.a. i-phone thefts have spiked more than 30%. in washington d.c. they make up nearly 40% of all robberies. san francisco list say they have received some 1700 reports of stolen cell phones this year. >>> a sledding exhibition goes horribly wrong in the san gabriel mountains. the drama on a frozen upon in san bernardino county. it was c
. >> much more on the fiscal cliff this morning on abc's "this week i charles shumer of new york and republican senator john kyle of arizona debate the last-minute efforts. that's coming up at 8:00 this morning on" this week "with george stephanopoulos on abc7. >>> coming up, an attempt to rescue a man that fell into icy water goes horribly wrong as several more people fall in trying to save him. we will tell you what happened next. >>> and the last-minute...
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meet with leaders tomorrow as the clock ticks towards the fiscal cliff. the president returned to washington, d.c. this morning. he was called to pass a scaled back agreement to keep taxes from going up. the senate went back into session today. leaders accused each other of standing in the way of a deal. >> you can't legislate with yourself. we have nobody to work with. compromise. >> republicans aren't about to write a blank check just because we find ourselves at the edge of the cliff. >> the house will convene on sunday. republicans already refused to take a vote on speaker of the house john speaker of the house john boehner's plan. with no deal in the works you are likely to see a smaller pay check. ktvu's consumer editor tom vacar joins us to detail what it will cost taxpayers. >> reporter: indeed, more than a cliff for some. >> reporter: for more and more americans, the fiscal cliff is being viewed as a failure of government. >> they are on vacation, doing whatever they are doing. they don't care. >> i just don't think they will ever come to an agre
meet with leaders tomorrow as the clock ticks towards the fiscal cliff. the president returned to washington, d.c. this morning. he was called to pass a scaled back agreement to keep taxes from going up. the senate went back into session today. leaders accused each other of standing in the way of a deal. >> you can't legislate with yourself. we have nobody to work with. compromise. >> republicans aren't about to write a blank check just because we find ourselves at the edge of the...
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technically we did go over the fiscal cliff at midnight this morning. but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned voted overwhelmingly around 2:00 in the morning by a vote of 89-8. almost all democrats and republicans voting yes on a deal that would make permanent the bush era tax cuts for people earning up to $400,000 a year and couples earning up to $450,000 a year. this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell? >> nancy cordes on capitol hill, nancy, thank you so much. >>> secretary of state hillary clinton spent new year's eve in the hospital being treated for a blood clot in her skull. margaret brennan is outside new york-presbyterian hospital. good morning to you. >> reporter: good morning, terrell. secretary clinton is still being treated for that blood clot tha
technically we did go over the fiscal cliff at midnight this morning. but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned voted overwhelmingly around 2:00 in the morning by a vote of 89-8. almost all democrats and republicans voting yes on a deal that would make permanent the bush era tax cuts for people earning up to $400,000 a year and couples earning up to $450,000 a year. this was a deal that was worked out by vice president...
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the senate averted the fiscal cliff passing a bill early this morning. now president obama is calling on the house to pass it without delay. the deal avoids tax hikes and spending cuts that were to go into effect at midnight. >>> secretary of state hillary clinton is spending a second night in a new york hospital. she's being treated for a blood clot that formed in her head. doctors expect her to make a full recovery. >>> investigators say it could be at least a month before they know what caused a bus to crash in oregon that killed nine people. the charter bus was returning to canada when it plunged down an embankme embankment. when the bus stopped, terrified passengers looked around for loved ones. >>> with five days left as governor of north carolina, purdue has issued full pardens of the so-called wilmington ten. nine black men and one white woman were wrongly convicted 40 years ago for the fire bombing of a white owned grocery store in wilmington. they denied any roll in the fire bombing but were sentenced to prison. three key witnesses later recant
the senate averted the fiscal cliff passing a bill early this morning. now president obama is calling on the house to pass it without delay. the deal avoids tax hikes and spending cuts that were to go into effect at midnight. >>> secretary of state hillary clinton is spending a second night in a new york hospital. she's being treated for a blood clot that formed in her head. doctors expect her to make a full recovery. >>> investigators say it could be at least a month before...
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we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of this for us. rich, is there any word what specifically they're discussing in this meeting and whether or not they're making any progress? >> well, diane, the point here is whether or not to amend this bill, to change this bill or bring this bill, the proposal that passed the senate last evening up to the house floor to a vote. this is a decision that house republicans will have to make fairly soon here. they're getting pressure from a number of different folks, especially democrats who say, basically pressure them to hold a vote on it. >> we don't believe that compromise is a dirty word and unfort
we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of...
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as early morning deal is reached in the senate on the fiscal cliff. plus, the u.s. still poised to go over the edge. i don't know why we keep saying while you were sleeping. do we think anybody was sleeping? 2013 is officially rung in as of now we have no word on what the house of representatives will do. but as we wait, we'll walk you through the bill's details and tell you the impact that it has on you. >> and secretary of state hillary clinton waking up this morning in a new york city hospital. doctors say she's making excellent progress. we're going to have the very latest on the secretary of state's condition. >>> welcome back to "early start" i'm ali velshi. >> christine romans. >> and i'm john berman. we're having a great time here. there's no better way to be over the fiscal cliff than sitting here with you guys. so thank you this morning. so, after kicking off the new year by falling off the fiscal cliff, or at least going over it, the senate has now acted and now it's up to the house to deliver all of us a soft landing this morning. if they can. just after
as early morning deal is reached in the senate on the fiscal cliff. plus, the u.s. still poised to go over the edge. i don't know why we keep saying while you were sleeping. do we think anybody was sleeping? 2013 is officially rung in as of now we have no word on what the house of representatives will do. but as we wait, we'll walk you through the bill's details and tell you the impact that it has on you. >> and secretary of state hillary clinton waking up this morning in a new york city...
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cliff. 8president boarded air be arriving around 8:45 our time this morning. the president cut short his holiday vacation. democrats and republicansqló hae four days to reach a+%sxç deal before mandatory budget cuts and tax increases kick in on >>> netflix wants to get into the social networking game. >> new ceo of yahoo plans to make appearance at upcoming electronics show in las vegas. >>> goodÚç morning ellen. >>> good morning. the big consumer electronics of -- marissa mayer, a lot of hope she is expected to be there. she is an ing partiesanaÑ, one-on-one meetings trying -- trying to reestablish the sometimes rocky relationship that yahoo has had with 17 minutes into the trading session little change, we are seeing gains, for the dow, for the nasdaq as well as s&p. bloomberg index has been in the negative since we opened, a lot of wait and see about what is going to happen now that the president and congress are returning to washington today to deal with fukushima daiichi -- to deal with the fiscal omq= cliff issu. retailers are doing a better job of
cliff. 8president boarded air be arriving around 8:45 our time this morning. the president cut short his holiday vacation. democrats and republicansqló hae four days to reach a+%sxç deal before mandatory budget cuts and tax increases kick in on >>> netflix wants to get into the social networking game. >> new ceo of yahoo plans to make appearance at upcoming electronics show in las vegas. >>> goodÚç morning ellen. >>> good morning. the big consumer...
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the white house and congressional leaders reaching a deal that would avoid the fiscal cliff just ahead of the new year deadline. >> the senate passed it it now goes to the house and doug mcelway is in washington, d.c. to break it all down for us. good morning again, doug. >> this margin of victory was a surprise to many it passed overwhelmi overwhelmingly 89 to 8 in the senate. shortly after the vote was taken the leaders took to the floor to describe a flawed bill. one that was the best we could achieve in such a polarized political atmosphere. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. they have a plan how they played for groceries car payments all during next year. >>> it is time to get serious about reducing washington's out of control spending. that's the debate american people want it's a debate we will have next it is a debate republicans will be ready for. >> they do little for a bigger victory against democrats. i am willing to do it but tonight's agreement ensures that going forward we will continue to reduce the deficit
the white house and congressional leaders reaching a deal that would avoid the fiscal cliff just ahead of the new year deadline. >> the senate passed it it now goes to the house and doug mcelway is in washington, d.c. to break it all down for us. good morning again, doug. >> this margin of victory was a surprise to many it passed overwhelmi overwhelmingly 89 to 8 in the senate. shortly after the vote was taken the leaders took to the floor to describe a flawed bill. one that was the...
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. >>> we have gone off the fiscal cliff this morning. but all hope is not lost as congress and the white house move closer to a deal. >>> plus a historic new year's morning in maryland as same sex couples waste no time saying i do. good morning everybody. i'm aaron gilchrist. >> i'm erika gonzalez in for eun yang. welcome to news4 today. it is tuesday, january 1st. gorgeous -- i was going to say gorgeous night. no, gorgeous morning because i haven't slept. >> a lot of people are saying the exact same thing. gorgeous morning on this january 1st. it is cold. if you're heading out to maybe breakfast or you're just waking up. >> yeah. let's check the forecast now. here's tom. >> or just getting home. good morning and good night. as we start off this morning, we do have a lot of cloudiness. there is a front that's going to be approaching us later today. by the time you're waking back up again, you may have a few flurries flying outside your window. storm team 4 radar showing a few scattered maybe rain, sprinkles reaching the ground. eastern n
. >>> we have gone off the fiscal cliff this morning. but all hope is not lost as congress and the white house move closer to a deal. >>> plus a historic new year's morning in maryland as same sex couples waste no time saying i do. good morning everybody. i'm aaron gilchrist. >> i'm erika gonzalez in for eun yang. welcome to news4 today. it is tuesday, january 1st. gorgeous -- i was going to say gorgeous night. no, gorgeous morning because i haven't slept. >> a lot...
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. >> good morning, and happy new year. we begin with breaking news on the fiscal cliff. the senate approved the last-minute deal overnight, barely missing the deadline. the house could vote on it today. nancy cordes is on capitol hill with more this morning. nancy, good morning to you. >> reporter: good morning to you, terrell. happy new year. well there is one major hurdle left for this fiscal cliff deal that, is a vote later today in the house of representatives, perhaps as early as 1:00 in the afternoon. the senate voted well after the ball dropped in the early hours of the morning, passed overwhelmingly with lots of support from both sides. the final tally was 89-8. >> shouldn't have taken us this long to come to an agreement and this shouldn't be the model for how we do things around here but i appreciate the vice president's willingness to get this done for the country. >> reporter: vice president biden negotiated the deal with senate republicans over the weekend, but he also came to the hill last night to sell democrats on the plan some of whom thought there were
. >> good morning, and happy new year. we begin with breaking news on the fiscal cliff. the senate approved the last-minute deal overnight, barely missing the deadline. the house could vote on it today. nancy cordes is on capitol hill with more this morning. nancy, good morning to you. >> reporter: good morning to you, terrell. happy new year. well there is one major hurdle left for this fiscal cliff deal that, is a vote later today in the house of representatives, perhaps as early...
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morning we have gone over the fiscal cliff. now, it all depends on what happens in the house and that is no sure thing. details of the deal in just a few moments here. first, good morning of the welcome to news4 today. happy new year. i'm aaron gilchrist. >>> i'm erika gonzalez in for eun yang. today is tuesday, january 1st. happy new year everybody. >> 4, 3, 2, 1! . happy new year! >> i hope you got a good smooch. nearly a million revelers brought in 2013 in new york with lots of kisses and cheers. they jammed times kwar to see the crystal ball drop. crews are busy cleaning up the mess left behind. >>> as we take a live look outside here. 2013 off to a bit of a chilly start. not too bad right now. tom kierein is here with our first day of the year forecast. tom? >> good morning. there's a cloudy sky over the metro area. those clouds are producing a few scattered sprinkles. they're associated with a front coming through here. all these areas in green are mostly sprinkles. there may be a few scattered flurries mixing in. i stepp
morning we have gone over the fiscal cliff. now, it all depends on what happens in the house and that is no sure thing. details of the deal in just a few moments here. first, good morning of the welcome to news4 today. happy new year. i'm aaron gilchrist. >>> i'm erika gonzalez in for eun yang. today is tuesday, january 1st. happy new year everybody. >> 4, 3, 2, 1! . happy new year! >> i hope you got a good smooch. nearly a million revelers brought in 2013 in new york with...
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an early morning deal reached on the fiscal cliff. the u.s. still poised to go over that cliff. >> and as it is sun rises on 2013, we are still waiting for the house to act. that, by the way is not congress. we'll walk you through the bill's details and tell you the impact it will have on you. >>> all right. members of congress never that pretty. >>> secretary of state clinton waking up in a new york city hospital. making excellent progress. we'll have the latest on her condition. >> welcome to "early start." i am ali velshi. >> i am christine romans. >> and quite a lot to talk about. through this morning, the senate passed a plan to fend off the fiscal cliff. but now it's up to the house of representatives to follow suit. just after 2:00 eastern time this morning, the senate overwhelmingly passed a plan that was crafted by the vice president and the senate minority leader, mitch mcconnell. vote? 89-8. the republican controlled house left well before midnight last night, so they will are to take up the measure today. >> i said all along, the m
an early morning deal reached on the fiscal cliff. the u.s. still poised to go over that cliff. >> and as it is sun rises on 2013, we are still waiting for the house to act. that, by the way is not congress. we'll walk you through the bill's details and tell you the impact it will have on you. >>> all right. members of congress never that pretty. >>> secretary of state clinton waking up in a new york city hospital. making excellent progress. we'll have the latest on her...
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we expect them to take up that new senate fiscal cliff bill that was passed in the wee hours of the morning. but a lot of democrats and republicans are kind of holding their noses this morning. >> it does not address the number one priority, creating good middle class jobs now. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> it's not even a small ball, it's a ping pong ball of a proposal. so, i think it's awful. >> let's bring in jonathan clicho, communications director of "american crossroads," also democratic strategist richard goodstein. happy new year, guys. good morning. >> same to you, chris. >> happy new year, chris. >> what do you think of this deal? >> look, having everybody on both sides belly ache about it is going to be the name of the game for a couple reasons. one, we have a divided government. people shouldn't kid themselves when the republicans are controlling the house, democrats control the senate and the white house. this is going to be the new normal, and it has been. we've seen anyth
we expect them to take up that new senate fiscal cliff bill that was passed in the wee hours of the morning. but a lot of democrats and republicans are kind of holding their noses this morning. >> it does not address the number one priority, creating good middle class jobs now. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> it's not even a small ball, it's a ping pong ball of a proposal....
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the senate passes a deal on the fiscal cliff but hurdles to clear this morning. >> history is being made in maryland today. same sex couples can legally wed. >> also ahead, still celebrating, red skin's nation. sunday's victory over the cowboys. fox 5 morning news at 7:00 starts right now. >> this is fox 5 morning news.
the senate passes a deal on the fiscal cliff but hurdles to clear this morning. >> history is being made in maryland today. same sex couples can legally wed. >> also ahead, still celebrating, red skin's nation. sunday's victory over the cowboys. fox 5 morning news at 7:00 starts right now. >> this is fox 5 morning news.
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the fiscal cliff. abc's jonathan karl reports on the details from washington. >> reporter: at long last, they finally have a deal. late last night, vice president biden went to capitol hill to convince senate democrats to pass it. >> i think we'll get a very good vote tonight, but happy new year. >> reporter: after a quick debate, the senate even passed it. >> the bill as amended is passed. >> reporter: now the big question, can it pass in the house? technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans were not happy with what they heard from president obama who hel
the fiscal cliff. abc's jonathan karl reports on the details from washington. >> reporter: at long last, they finally have a deal. late last night, vice president biden went to capitol hill to convince senate democrats to pass it. >> i think we'll get a very good vote tonight, but happy new year. >> reporter: after a quick debate, the senate even passed it. >> the bill as amended is passed. >> reporter: now the big question, can it pass in the house? technically...
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cliff stalema. join us for cbs 5 eyewitness news this morning... beginn, >>> here's a look at today's forecast in some cities across the country. waernds, pbs, -- washington, d.c., partly sunny, 48. atlanta, rain, 60s. st. louis, mostly cloudy, 38. denver, morning snow, 25. seattle, rain, 40. >>> shoppers hitting the stores after christmas could find some amazing bargains. experts say post-christmas sales will likely have steeper discounts than in the past. the uncertain economy led holiday shoppers to spend less than usual. so some stores could cut prices by as much as 80%. >>> in celebrations across spain this christmas after a jackpot-busting $3.3 billion lottery. as barry peterson reports, unlike lotteries in the united states, spain spreads the wealth. >> reporter: they won it in the lottery called el gordo. translation, "the fat one." numbers tumbled in machines that look a lot like some sort of imaginary rocket ship. [ cheers ] >> reporter: there was plenty of imagining by people in the audie
cliff stalema. join us for cbs 5 eyewitness news this morning... beginn, >>> here's a look at today's forecast in some cities across the country. waernds, pbs, -- washington, d.c., partly sunny, 48. atlanta, rain, 60s. st. louis, mostly cloudy, 38. denver, morning snow, 25. seattle, rain, 40. >>> shoppers hitting the stores after christmas could find some amazing bargains. experts say post-christmas sales will likely have steeper discounts than in the past. the uncertain...
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hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rat
hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year...
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Dec 27, 2012
12/12
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the top headline on politico this morning, fiscal cliff deal increasingly unlikely. jonathan, really? >> i think there's a lot of pessimism here in washington. you've got, as you pointed out, five days left. i think the real indicator here is that none of these parties are moving off their position. the senate democrats, the house republicans, the white house. there hasn't been any reason for folks to look at what's going on and say, oh, i see where a deal could be coming together. so what you've got is what's described in economic game theory is where everyone has decided on their strategy, looked at the strategies of the oar players and figuring that their optable strategy is to go over the cliff and pick up the pieces later. >> and basically fight for which party is going to get the most blame in the meantime, right? >> that's right. this is a finger-pointing exercise. everyone is sort of putting together their best case for why the other guy is at fault. you know, the possible exception here, drew, is if the senate can pass something, a scaled-back version of the
the top headline on politico this morning, fiscal cliff deal increasingly unlikely. jonathan, really? >> i think there's a lot of pessimism here in washington. you've got, as you pointed out, five days left. i think the real indicator here is that none of these parties are moving off their position. the senate democrats, the house republicans, the white house. there hasn't been any reason for folks to look at what's going on and say, oh, i see where a deal could be coming together. so...
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Jan 1, 2013
01/13
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CNNW
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earlier this morning, the senate passed a plan to fend off the fiscal cliff. the deal was crafted by vice president joe biden and the senate minority leader mitch mcconnell. the senate vote was overwhelming, 89-8. that say big vote these days. and the senarepublican controll house left well before midnight, they have to take up the matter today. >> our most important priority is protecting middle class families. this legislation does that. >> this shouldn't be the model for how we do things around here, but i think we've done some good for the country. >> this is what the deal means for you and your family. bush era tax cuts extended for individuals earning less than $400,000 a year, and couples earning less than $450,000. unemployment benefits extended for a year for 2 million americans and a permanent adjustment for inflation, for the alternative minimum tax. a pretty big deal. wondering about spending cuts, keep wondering, lawmakers deferred. they will fight over those cuts over the next two months, probably again and again and again. despite the progress o
earlier this morning, the senate passed a plan to fend off the fiscal cliff. the deal was crafted by vice president joe biden and the senate minority leader mitch mcconnell. the senate vote was overwhelming, 89-8. that say big vote these days. and the senarepublican controll house left well before midnight, they have to take up the matter today. >> our most important priority is protecting middle class families. this legislation does that. >> this shouldn't be the model for how we...
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Dec 28, 2012
12/12
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you're locking at the stock market opening and of course we're watching the fiscal cliff this morning as everyone heads back to capitol hill. everyone looking for consensus. >> that being said. good morning. thank you for joining us. it's december 28th i'm brian flores. >> i'm claudine wong. pam and dave are off today. your time is 6:30. >>> oakland homicide rate for the year is up to 130 after a violent night. three people were killed in two separate incidents pap double shotting and -- two separate incidents. a double shooting and a stabbing. >> reporter: a man with cuts to his hands has been taken into custody. police are also trying to cuttrack down a second man for questioning. the man that may have been here when the killing took place. investigators still out here on scene. we're in the 5800 block of walnut street. up here is where officers found a man excuse me a woman stabbed to death inside a unit up on the second floor. police showed up here around 2:30 this morning when neighbors called 911. officers came here and found this woman with multiple stab wounds. she was dead he
you're locking at the stock market opening and of course we're watching the fiscal cliff this morning as everyone heads back to capitol hill. everyone looking for consensus. >> that being said. good morning. thank you for joining us. it's december 28th i'm brian flores. >> i'm claudine wong. pam and dave are off today. your time is 6:30. >>> oakland homicide rate for the year is up to 130 after a violent night. three people were killed in two separate incidents pap double...
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Dec 31, 2012
12/12
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KRON
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. >> the clock is ticking until the so-called fiscal cliff. we will have details on today's the last minute negotiations. >> it remains cold at specially for tonight. it is a clear start for the morning and we do not have any issues with a visibility. if you are in the north bay there is a good chance that you will stay below the freezing mark. celebrating new year's eve it will be mostly clear conditions. here is a look at the numbers currently. it is 32 degrees currently in fairfield. i will show you where these numbers are supposed to go for the course of today. >> we have been minor's in a reported stall the upper deck of the bay bridge. it has now been cleared. it did not affect the drive time. do not expect any early morning delays or normal commute patterns. >> new this morning, off two people are in the hospital this one after a 2 alarm fire at a residential building in san francisco is excelsior district. the fire broke out before 1:00 this morning and crews had under control by 2:15 a.m.. to get you more knows who will turn to jackie
. >> the clock is ticking until the so-called fiscal cliff. we will have details on today's the last minute negotiations. >> it remains cold at specially for tonight. it is a clear start for the morning and we do not have any issues with a visibility. if you are in the north bay there is a good chance that you will stay below the freezing mark. celebrating new year's eve it will be mostly clear conditions. here is a look at the numbers currently. it is 32 degrees currently in...
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Dec 28, 2012
12/12
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we are off to a cooler start this morning, 30s inland, on this bay shore,0s inland, on san francisco in the low to mid 40s. sprinkles noon light rain at the coast more of us with will have light rain by 4:00, temperatures struggling to reach 50, by 7:00, all of us dealing with light rain this friday evening going to be cool, low to mid 40s. >>> 6:15. secretary of state clinton is going back to work next week, according to her spokesman. clinton has been recovering from a concussion she suffered while fainting while fighting a stomach virus she was out for three weeks. she has promised to testify next month before congressional committees on the attack in libya. >> j president obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be ve
we are off to a cooler start this morning, 30s inland, on this bay shore,0s inland, on san francisco in the low to mid 40s. sprinkles noon light rain at the coast more of us with will have light rain by 4:00, temperatures struggling to reach 50, by 7:00, all of us dealing with light rain this friday evening going to be cool, low to mid 40s. >>> 6:15. secretary of state clinton is going back to work next week, according to her spokesman. clinton has been recovering from a concussion she...
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Dec 31, 2012
12/12
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WMAR
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. >>> now to the latest on the fiscal cliff. just a matter of hours until we officially go over the edge. law maikers scrambling this morning to put together an 11th hour compromise or we'll be ringing in higher taxes with the new year. jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i placed a
. >>> now to the latest on the fiscal cliff. just a matter of hours until we officially go over the edge. law maikers scrambling this morning to put together an 11th hour compromise or we'll be ringing in higher taxes with the new year. jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is...
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Dec 29, 2012
12/12
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WJLA
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me the rope from under the seat. >>> fiscal cliff hanger. >> the hour for immediate action is here. it's now. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job as a judge on a talent show? why simon cowell reportedly calls her toxic to the show's success. >>> and good morning, everyone. we've got a lot to get to this last week of 2012. can you believe this year is almost over? and of course, we're going to start the show with weather. take a look at snow falling overnight in illinois. the year ending with a one-two punch of nasty weather for much of the country. ginger zee will tell us how it will affect your travel plans. >> nothing makes ginger happier than a big winter storm. we'll talk to her in just a moment. >>> speaking of travel. this is exactly what you do not want to hear after
me the rope from under the seat. >>> fiscal cliff hanger. >> the hour for immediate action is here. it's now. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job...
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Dec 31, 2012
12/12
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the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic moving smoothly north. here is a look at the weather. >> a little bit on the cool side. need playersy today. cold is here. the 21 in manassas, 29 degrees in washington d.c.. if the clouds are filtering in. they will thicken up throughout the day. average between 42 and 46. >> thank you. l have another local news coming up at 8:56 on this new year's eve morning. [ cheers and applause ] >>> all right. we have great crowd outside counting down to the new year. the party is already starting in here. >> a little bit. >> ron claiborne, dan abr
the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic...
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Dec 28, 2012
12/12
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CNNW
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could cross over that fiscal cliff and just in case washington doesn't make a deal, we're getting you ready. every day this week, we've been taking a look at how it will affect you and your pocketbook and today we're focusing on those of you getting close to retirement. ryan mack, president of optimum capital management joins me via skype from detroit. good to have you back. >> thank you for having me. >> let's start with the basics, talking about retirement and sometimes when you get all deep in the weeds it's difficult for people to stay with you, so let's talk about the retirement accounts and what we should take into consideration. >> all right, well essentially the worst question, the hardest question we could take is when someone's 55 and they say ryan, i've lost all of my money in the markets. what am i supposed to do? essential will i that means they were not allocated appropriately, essentially there are three stages to any investment or life cycle, at cuthe accumulation, ready to take on risk, just graduated age, the conservation, got a lot of years, still have the ability t
could cross over that fiscal cliff and just in case washington doesn't make a deal, we're getting you ready. every day this week, we've been taking a look at how it will affect you and your pocketbook and today we're focusing on those of you getting close to retirement. ryan mack, president of optimum capital management joins me via skype from detroit. good to have you back. >> thank you for having me. >> let's start with the basics, talking about retirement and sometimes when you...
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Dec 27, 2012
12/12
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KPIX
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he's flying back to washington tonight as the clock ticks toward the fiscal cliff. nancy cordes is with the president in honolulu. nancy? >> reporter: jim, the president is trading the sand for snowy washington. he'll be back in the nation's capital by mid-morning tomorrow, and most of the u.s. senate will be attempting to get back there by then, as well. but house leaders have not given their members the signal to return to washington and say they won't until the u.s. senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, for
he's flying back to washington tonight as the clock ticks toward the fiscal cliff. nancy cordes is with the president in honolulu. nancy? >> reporter: jim, the president is trading the sand for snowy washington. he'll be back in the nation's capital by mid-morning tomorrow, and most of the u.s. senate will be attempting to get back there by then, as well. but house leaders have not given their members the signal to return to washington and say they won't until the u.s. senate passes a...
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Dec 30, 2012
12/12
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KGO
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. >> good morning, everyone. we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect the. the president is urging them to reach a deal. senate leaders are working on a last-minute compromise. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say four other adults including the parents of those children managed to escape. the vehicle that caused that accident is under investigation. >>> stunning video of a plane crash outside of moscow, russia, the passenger plane overshot the runway and slammed into a highway yesterday. amazing video for that. the eight members on board were killed. no passengers on the plane and no one on the highway was hurt. the cause of that crash is under investigation. >>> and finally, a celebration at the vatican. about 40,000 young pilgrims from all across europe attended an open air mass conducted by pope benedict. they cheered
. >> good morning, everyone. we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect the. the president is urging them to reach a deal. senate leaders are working on a last-minute compromise. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say four other...
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Dec 31, 2012
12/12
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WRC
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cliff. >>> looking outside this morning, you're going to want to grab that winter coat if you're heading out the door. one of the chilliest mornings thus far this winter. the forecast coming up. good morning, i'm erika gonzalez. >>> i'm richard jordan. welcome to news 4 on this monday, december 31st. >> last one. >> redskins fans are probably a little tired and excited this morning. the skins are going back to the playoffs. >> the range at the 33. morris exploits a hole. there he goes. morris to the end zone. touchdown. >> the burgundy and gold clinched an nfc east title by beating the rival cowboys 28-18 last night. robert griffin iii might be the most high-profile member on o the team but alfred morris was the star last night. he scored three touchdowns in the win. >> i'm thankful that i was able to come out today and give it my all like i do every game. the running game was working today. just thankful that we're in the playoffs. >> this is the redskins first division title since 1999. it will be their first playoff appearance since 2007. they host the
cliff. >>> looking outside this morning, you're going to want to grab that winter coat if you're heading out the door. one of the chilliest mornings thus far this winter. the forecast coming up. good morning, i'm erika gonzalez. >>> i'm richard jordan. welcome to news 4 on this monday, december 31st. >> last one. >> redskins fans are probably a little tired and excited this morning. the skins are going back to the playoffs. >> the range at the 33. morris...
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early this morning, the senate passed an agreement to avoid the fiscal cliff. >> but it still must go to the house. they reconvene at noon today. congressional leaders hope to send legislation to president obama within a day or two, meaning that consumers shouldn't notice any impact. with the latest to explain it all, all the xs and 0s, we're joined by karen travers in washington. >> reporter: it's after midnight. while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't stop popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million pe
early this morning, the senate passed an agreement to avoid the fiscal cliff. >> but it still must go to the house. they reconvene at noon today. congressional leaders hope to send legislation to president obama within a day or two, meaning that consumers shouldn't notice any impact. with the latest to explain it all, all the xs and 0s, we're joined by karen travers in washington. >> reporter: it's after midnight. while we technically have gone over the fiscal cliff, some...
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Dec 31, 2012
12/12
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WBAL
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good morning, tara. [no audio] >> just hours away from possibly going over the fiscal cliff. if without a deal before midnight, americans will be ringing in this new year with tax hikes and spending cuts. this could kick the economy back into a recession. both chambers convened in a rare sunday session but came up empty. all a great tax rates should be preserved for the middle class. >> taxes on middle class families do not go up. >> in the deal must force wealthier americans to pay more. republicans say that will do nothing to curb the mounting debt. ernie to joe biden to break the stalemate. >> we are running at a time. there is too much at stake. >> workers may see less and there paycheck if there is no agreement. government contractors might be forced to lay off employees. businesses could lose tax breaks. many americans are still hoping for an 11th hour compromise. >> i would hope they could work together and realize that this is affecting everyone. >> both chambers will reconvene later this morning, at which point there will be 12 hours left until the deadline. >> what
good morning, tara. [no audio] >> just hours away from possibly going over the fiscal cliff. if without a deal before midnight, americans will be ringing in this new year with tax hikes and spending cuts. this could kick the economy back into a recession. both chambers convened in a rare sunday session but came up empty. all a great tax rates should be preserved for the middle class. >> taxes on middle class families do not go up. >> in the deal must force wealthier americans...
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Dec 27, 2012
12/12
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KGO
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cliff he boarded air force one overnight and will be aliveing at andrews in maryland 8:45 our time this morning he cut short his vacation, democrats and republicans have four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> at least 200 teachers will get concealed weapons training in utah today, overflow crowds are expected when gun rights advocates waive usual fee for teachers. the training tolls the shooting tragedy in newtown, connecticut. gun groups believe teachers can act more quickly than law enforcement in those critical first minutes to protect children. >>> gun buy-back event in los angeles is being called a huge success, you can see why. people in their cars lined up for miles yesterday to turn in their firearms. event is held once a year and takes place in the spring, the mayor moved it up to take advantage of the outrage over the connecticut school massacre, the city gave away up to $200 in grocery gift cards. >>> lance armstrong has until today to appeal the ban imposed on him. he lost his seven titles december 6th, when the inte
cliff he boarded air force one overnight and will be aliveing at andrews in maryland 8:45 our time this morning he cut short his vacation, democrats and republicans have four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> at least 200 teachers will get concealed weapons training in utah today, overflow crowds are expected when gun rights advocates waive usual fee for teachers. the training tolls the shooting tragedy in newtown, connecticut....
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Dec 30, 2012
12/12
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all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income earners. the president knows neither side is going to get everything they want, and he thinks it's time for house republicans to compromise. it is very important for republicans in congress to say we aren't going to get 100%, at the need to compromise in order to solve problems. >> if there is enough in the agreement for republicans to be able to support it, and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats and republicans in the house. >> well, the stock markets appear to be betting against a
all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income...
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Jan 1, 2013
01/13
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WJLA
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washington went over the fiscal cliff last night, triggering tax increases for virtually everybody. and despite some hopeful signs very early this morning, we are still in a free fall. it sure looked like a done deal. >> the yeahs are 89. the nays are 8. the bill as amended is passed. >> reporter: after 2:00 a.m. this morning, the senate approved a bill to prevent massive tax increases from going into affect today. the kind of overwhelming bipartisan vote almost never seen anymore. >> so, it took an imperfect solution to prevent our constituents from a very real financial pain. but in my view, it was worth the effort. >> reporter: finally, it seemed, washington was working. vice president joe biden and republican leader mitch mcconnell hashing out the deal late last night. >> really very good about how this vote is going to go. >> reporter: he had reason to smile last night, but today, that late night deal hit a wall of republican opposition in the house. hastily leaving a meeting of house republicans today, eric cantor, the second highest ranking republican in the house, announced
washington went over the fiscal cliff last night, triggering tax increases for virtually everybody. and despite some hopeful signs very early this morning, we are still in a free fall. it sure looked like a done deal. >> the yeahs are 89. the nays are 8. the bill as amended is passed. >> reporter: after 2:00 a.m. this morning, the senate approved a bill to prevent massive tax increases from going into affect today. the kind of overwhelming bipartisan vote almost never seen anymore....
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Jan 1, 2013
01/13
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KTVU
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senate passed bill early this morning to avoid the fief 5 and -- fiscal cliff and now they reconvene at 9:00 a.m. starting this morning and we will have a live report with details on this alleged legislation. one part passed extend portions through milk bills and without this legislation milk prices were expected to follow. >>> it is a new one and they are explaining why they arep not being received well from some officers, jeanine. >> reporter: well the mayor is scheduled to be here in about an hour but some tell us it is a surprise he will even show -- showing up. it is an annual tradition to publicly thank safety officials on new year's day but it is interesting to see how reid will be briefed here this morning. the mayor has been unpopular with officers ever since he championed a measure to reform pension plans and he said the mass our is i will look legalment and chris chief he more will be leaving after the highest years and property crimes are also on the rise and we will be talking about this and his plan from the new year's. jeanine tell vague. let check in for sal and i wou
senate passed bill early this morning to avoid the fief 5 and -- fiscal cliff and now they reconvene at 9:00 a.m. starting this morning and we will have a live report with details on this alleged legislation. one part passed extend portions through milk bills and without this legislation milk prices were expected to follow. >>> it is a new one and they are explaining why they arep not being received well from some officers, jeanine. >> reporter: well the mayor is scheduled to be...
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Jan 1, 2013
01/13
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WBAL
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. >>> kelly o'donnell is on capitol hill this morning with all the details of the fiscal cliff. >> good morning and happy new year, andrea. frantic rush of negotiations leading through this holiday. there has been a breakthrough that could affect everyone's pocketbook, but it happened with time nearly running out. three hours before the midnight deadline and the vice president arrived on capitol hill. >> happy new year. did you think we would be here new year's eve? >> reporter: joe biden moved from key negotiator to his pa y party's closer, meeting behind closed doors with fellow democrats to make his case for his package. >> you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money and number two, you surely shouldn't predict how the house is going to vote. >> reporter: instead of sweeping tax increases for everyone, new higher rates would hit those making over $400,000 a year, $450,000 for couples. plus higher rates on savings, investments and large inheritances. overall, tax increases of about $600 billion over ten years. both parties comp
. >>> kelly o'donnell is on capitol hill this morning with all the details of the fiscal cliff. >> good morning and happy new year, andrea. frantic rush of negotiations leading through this holiday. there has been a breakthrough that could affect everyone's pocketbook, but it happened with time nearly running out. three hours before the midnight deadline and the vice president arrived on capitol hill. >> happy new year. did you think we would be here new year's eve?...
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Dec 28, 2012
12/12
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KPIX
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goes over the fiscal cliff next week. the impact will be felt in many other ways as well. with us is market watch reporter kelli grant. >> also a very good base jumper. >> yes i'm looking forward to that clip. >> your video is on youtube somewhere, everyone can look it up. kelli we've seen consumer confidence decline and businesses not hire as a result of the uncertainty around the fiscal cliff, but there's another impact here and people could even see it on their dinner plate. >> definitely. we're seeing a lot of consumer impact from this, just because of the large budget cuts expected to go through, if we do in fact go off the cliff and of course, there's a lot of variation here it's up to each individual agency to decide how it's going to cut but when we talk to people in the industry they just have a lot of the worst case scenarios almost that could come to play that really do affect consumers. >> there's the farm bill on the edge here as well which could significantly impact milk prices. they're talking about the pot
goes over the fiscal cliff next week. the impact will be felt in many other ways as well. with us is market watch reporter kelli grant. >> also a very good base jumper. >> yes i'm looking forward to that clip. >> your video is on youtube somewhere, everyone can look it up. kelli we've seen consumer confidence decline and businesses not hire as a result of the uncertainty around the fiscal cliff, but there's another impact here and people could even see it on their dinner...
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we are still talking about the fiscal cliff this morning. and we are joined now by virginia democrat jeremy connoly who came in on new year's eve. thank you so much. >> good to be here. >> your colleague was just on here congressman roe from tennessee. he was mentioning spending cuts being the big issue. but give me your take on this. your reaction. >> it is more than that. last time we balanced the budget under bill clinton, revenues and spending were inbalanced. we were spending and 20% coming in as revenue. those numbers have changed. we're at 24-25% spending, too high. revenue is down to 14-15%. too low. we have to lower spending and raise revenue. it's not rocket science. and the unwillingness. what my good friend phil roe didn't say on air was he's taken the pledge. never ever to raise taxes. all but 7 of my republican friends have taken that pledge which is a huge impediment to our getting something done. >> do they have to stick to that pledge? >> i hope they will renounce that pledge. the only pledge worth taking when you get electe
we are still talking about the fiscal cliff this morning. and we are joined now by virginia democrat jeremy connoly who came in on new year's eve. thank you so much. >> good to be here. >> your colleague was just on here congressman roe from tennessee. he was mentioning spending cuts being the big issue. but give me your take on this. your reaction. >> it is more than that. last time we balanced the budget under bill clinton, revenues and spending were inbalanced. we were...
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crucial meetings happening this morning to keep the country from going over that fiscal cliff. >>> big break in mysterious murder of a south bay millionaire. >>> health care for secretary of state clinton. new d ñ this december 31st, new year's eve, the last day of 2012, we are starting out you can see in this live picture from the embarcadero looking across the bay, it is a frosty but clear and dry start just looking at that you know tv set the picture, you can probably tell the chill that is out there. thanks for joining us i'm kristen sze >>> and i'm katie marzullo in for eric thomas. we'll hand it over to mike. >>> issue out there, black ice on san pablo dam road near inspiration point may have caused accident. not only frosty conditions but the possibility of black ice this will happen again tomorrow morning coolest morning will be wednesday something to think about. here's a look at live doppler, high clouds have moved on, hitting our coldest temperatures of the morning now, that means 30s in a lot of areas around the bay to 44 in san francisco, mid to upper 40s at noon, low! 50
crucial meetings happening this morning to keep the country from going over that fiscal cliff. >>> big break in mysterious murder of a south bay millionaire. >>> health care for secretary of state clinton. new d ñ this december 31st, new year's eve, the last day of 2012, we are starting out you can see in this live picture from the embarcadero looking across the bay, it is a frosty but clear and dry start just looking at that you know tv set the picture, you can probably tell...
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the fiscal cliff fight, still no agreement but we could get word of new developments later on this morning. stay with us. we'll be right back. ht back. >>> take a live look at udc right now, an area down there and pretty quiet as you can imagine. new year's eve, a lot of people are still off for the holidays and it is good that they'll be off because it is pretty cold. you don't want to be out there having to deal with your morning commute today. that is for sure. >> a few stragglers i saw -- >> redskins celebrating? >> a few stragglers from late night celebrations. >> they'll be celebrating tonight because of the new year. >> it is cold out. temperatures at or below freezing. so if you are growing to be straggling out and about the next couple of hours or so, make sure you have a hat and coat. >> the big puffy. >> yeah, you will want it all week because temperatures will only be in the 30s. today, we'll be in the 40s for daytime highs and we're not there yet. 30 in washington. 20 in pittsburgh. columbus, 20 degrees. let's see. 22 in boston. 30 in new york city. and once again, we'll pr
the fiscal cliff fight, still no agreement but we could get word of new developments later on this morning. stay with us. we'll be right back. ht back. >>> take a live look at udc right now, an area down there and pretty quiet as you can imagine. new year's eve, a lot of people are still off for the holidays and it is good that they'll be off because it is pretty cold. you don't want to be out there having to deal with your morning commute today. that is for sure. >> a few...